A Purchaser Has Agreed to Purchase the Shares of a Qualified

question 2

Multiple Choice

A purchaser has agreed to purchase the shares of a qualified small business corporation. Which of the following is not applicable?

• A)The purchaser may try to discount the value of the shares if the assets of the company will potentially be sold for more than their cost.
• B)The sale will result in the immediate taxation of the corporation, and the after-tax proceeds will be paid to the seller.
• C)The seller may be eligible for the capital gains deduction.
• D)The purchaser will assume the corporation's current UCC values.

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Definitions:

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